Scanfil Acquires 80% of ADCO Circuits in Northern U.S. Expansion

Massman Companies Acquires ADCO

March 20, 2025

Manufacturing

Massman Companies, a global provider of automated packaging machinery, has acquired ADCO, a Sanger, California-based manufacturer of cartoners and end-of-line packaging equipment. The acquisition adds cartoning and complementary end-of-line capabilities to Massman's product line and aligns with its strategy to deliver automation from carton to pallet.

Galco Industrial Electronics Acquires Ad‑Tech CCI, Inc.

December 18, 2025

Industrial Services

Galco Industrial Electronics acquired Ad‑Tech CCI, Inc., a Harrisburg, Pennsylvania-based distributor of industrial controls, automation components, and identification products. The deal expands Galco’s presence in the Mid‑Atlantic and enhances product offerings, engineering support, and service capabilities for customers in the region.

Fulton Asset Management Acquires AFCO Industries

August 25, 2025

Building Products

Fulton Asset Management, a family-backed investment platform based in Chicago, has acquired AFCO Industries, Inc., a vertically integrated U.S. manufacturer of aluminum, fiberglass, vinyl, and composite building products and a provider of CNC metal fabrication and contract manufacturing services headquartered in Alexandria, Louisiana. AFCO's existing leadership will remain in place; Fulton said the deal expands its industrial portfolio and reflects a long-term commitment to U.S. manufacturing.

Emko Capital Acquires Two U.S. A&D Machining and Assembly Businesses

January 4, 2023

Manufacturing

Emko Capital acquired two U.S.-based machining and assembly businesses, expanding its aerospace & defense (A&D) machining platform to three companies. The deals add precision machined parts and electromechanical assembly capabilities serving A&D and adjacent end markets such as medical, EV and semiconductor manufacturing.

Incap Corporation Acquires Pennatronics Inc.

July 5, 2023

Manufacturing

Incap Corporation has agreed to acquire 100% of Pennatronics Inc., a Pennsylvania-based electronics manufacturing services (EMS) provider, effective July 2023. The acquisition establishes Incap's first U.S. factory, expands its geographic footprint, and is expected to generate cross-selling opportunities and synergies across purchasing and customer offerings.

Foxtronics EMS (Foxhole Group) Acquires Accutron

October 15, 2024

Manufacturing

Foxhole Group, via its Foxtronics EMS platform, has acquired Accutron Inc., an established contract manufacturer of printed circuit board assemblies. The add-on expands Foxtronics EMS's capabilities and footprint in life sciences, aerospace & defense, and other advanced end-markets, adding in-house design, injection molding, full box-build and CNC machining expertise.